WINK TOKEN CLEAN TECHNICAL ANALYSIS 14TH APRiLlooking at WINK here on the 4hr timeframe, anticipating a possibility that price will make a push to the upside soon.
We are currently in a nice setup area with good support in the green zone.
price has approached this area very impulsively and formed a descending triangle consolidating at a fib support area.
price has respected the lower trend lines forming a 123 touch pattern. price may test the support level once again near
the grey box and then there is a high probability for a push to the upside after a break from the channel with a continuation to the upside where price may retrace before pushing higher or correct again at 0.786 level.
Winkidea
WINK 1D If you don't want a deposit drawdown of -80% read belowIt seems that crypto players have decided to pump most of the coins that are related to the TRONblockchain TRX TRC-20
For your attention, WINK which for 1.5 years, was not interesting to anyone and is not needed, and from the beginning of 2021 it began to grow steadily.
But the most interesting are the last 2 weeks, during which WINKUSDT is actively pamping, the growth at the moment is +785%. It got to the point that the last two green daily candles show a +100% gain per day, and the daily trading volume of $2.5 billion+ at the moment was the largest on Binance among all trading pairs.
This idea is written in order to warn: "Everything that takes off high and without correction can very painful fall."
We do not know if there is any solid foundation for such a sharp pump, but the graph shows two facts:
1. The first liquid zone , where there was at least some consolidation, is 72% below the current price .
2. A really solid and liquid level that will pull the price towards itself is minus 87% of the current price.
Take these facts into account when making your trading decisions.
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